Kenneth Booth
First wind and solar-powered defib installed on UK housing site through developer/charity partnership

First wind and solar-powered defib installed on UK housing site through developer/charity partnership

The OurJay Foundation based in Rugby, Warwickshire has partnered with master developer Urban&Civic and Turtle Defib Cabinets, to introduce the country’s first wind and solar powered defibrillator cabinet on a residential development site. The sustainably heated, public defibrillator cabinet has been installed in Urban&Civic’s new community of Houlton in Rugby.

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BarhaleEnpure to deliver vital P-removal schemes near Barnsley and York

BarhaleEnpure to deliver vital P-removal schemes near Barnsley and York

Yorkshire Water has appointed BarhaleEnpure JV to deliver two key projects as part of its £500M investment in phosphorus removal under the Water Industry National Environment Programme (WINEP). At Ingbirchworth Wastewater Treatment Works (WwTW), near Barnsley in South Yorkshire, BarhaleEnpure will construct a single point ferric dosing kiosk and chemical

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TGI Fridays Shutters 35 UK Restaurants Despite Rescue Deal

TGI Fridays Shutters 35 UK Restaurants Despite Rescue Deal

TGI Fridays is set to close 35 of its UK branches following a recent rescue deal, despite efforts to save the struggling restaurant chain. The closures come after Hostmore, the former owner of TGI Fridays UK, fell into administration last month. The rescue deal sees Breal Capital and Calveton UK,

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New Chiropractic Clinic building reaches major milestone

New Chiropractic Clinic building reaches major milestone

USW’s new Chiropractic Clinic, being built on Treforest Campus, has reached a major milestone with the completion of its main structure. Kier Construction, the contractors appointed to build the clinic, and USW hosted a ‘topping out ceremony’ to celebrate the progress of the project, as the building reached its highest

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Rendall & Rittner appointed to manage landmark Westminster scheme

Rendall & Rittner appointed to manage landmark Westminster scheme

Westminster City Council have appointed award-winning property management agent Rendall & Rittner to manage the first phase of homes being delivered under the ambitious regeneration of the Ebury Bridge estate in Knightsbridge and Belgravia. Comprising 226 homes in the first phase, alongside a business hub, concierge service, and reimagined public

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GMI Construction Group in £1m Innovate UK project to revolutionise Building Safety Act compliance using AI and spatial computing

GMI Construction Group in £1m Innovate UK project to revolutionise Building Safety Act compliance using AI and spatial computing

GMI Construction Group is partnering with spatial computing and AI provider SimplyVideo, Leeds Beckett University, and software developer Anglestack as part of a £1m Innovate UK initiative to create an interactive digital platform to access key elements of the complex legislation contained within the new Building Safety Act. The incorporation

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Ashtrom UK acquires Central Square, Leeds

Ashtrom UK acquires Central Square, Leeds

Acquisition represents largest office investment deal in the city for half a decade Ashtrom Properties UK has acquired Central Square in the heart of Leeds’ financial district for £78M.  The landmark office building transaction represents the largest office investment deal in the city for more than 5 years. Guy Lewinsohn,

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Latest Issue
Issue 343 : Aug 2026

Kenneth Booth

First wind and solar-powered defib installed on UK housing site through developer/charity partnership

First wind and solar-powered defib installed on UK housing site through developer/charity partnership

The OurJay Foundation based in Rugby, Warwickshire has partnered with master developer Urban&Civic and Turtle Defib Cabinets, to introduce the country’s first wind and solar powered defibrillator cabinet on a residential development site. The sustainably heated, public defibrillator cabinet has been installed in Urban&Civic’s new community of Houlton in Rugby. OurJay and Urban&Civic had already worked together in recent years to install defibrillators in the new community at the local schools and the village centre at Houlton. But with another 4,000 homes still to build at Houlton, the charity approached the developer to introduce Turtle and their new solar and wind powered cabinet solution to enable defib access in construction areas. Designed and manufactured by Turtle, the solar defib cabinet is the twelfth to be installed in the UK, and the first on a residential development site. Turtle’s combined solar and wind power technology ensures a cabinet can be kept heated 24/7, even when there’s no electricity supply. Defibrillators must maintain a temperature above 0 degrees, but above 10 degrees is recommended, so they need to be kept indoors or be in a heated cabinet if external. Solar power alone cannot guarantee the maintenance of temperature in dark and cold UK winters, but this new technology is enabling defibrillators to be installed in areas where electricity supply may be restricted like construction areas. For every minute that someone’s in cardiac arrest without receiving CPR or having a defibrillator used on them, their chance of survival decreases by 10 per cent. The OurJay Foundation was founded by Naomi, a Rugby resident, after she sadly lost her son Jamie due to the lack of an accessible defibrillator nearby, which could have saved his life. It proudly stands as one of the Houlton community’s chosen charities. Naomi Rees-Issitt, the founder of the OurJay Foundation, said: “We are so grateful to the team at Urban&Civic for seeing Jamie’s legacy and inspiration and making sure we could achieve this vital piece of life saving equipment for the Houlton community. Heart safety is becoming so much more important to people and through our partnership with Urban&Civic, Houlton now have a defibrillator for every 300 units – this is very unique and we are very proud of this. Thank you also to Turtle for manufacturing such a fantastic idea in this sustainable defibrillator option.” A video featuring Naomi speaking about OurJay Foundation’s work and the wind and solar powered cabinet at Houlton can be found here. Sonia Nakra-Norman, Communications and Partnerships Manager at Urban&Civic explained: “We’re proud of our ongoing partnership with the OurJay Foundation in Houlton – it has been informative and inspiring to work with this local charity and whilst we always hope not to have to use our defibrillators, they provide reassurance to our community and those working on our development sites.” Mike Dowson, Founder and MD of Turtle Defib Cabinets, who designed, engineered and installed the wind and solar powered defib cabinet technology, commented: “Developers and contractors can deliver far greater reaching benefits when they partner with local charities, and bespoke needs – like a lack of community accessible defib cabinets – can be uncovered and addressed. We’re delighted to help OurJay and Urban&Civic achieve their goals at Houlton and applaud them for their partnership. Location and an electricity supply is no longer a barrier when it comes to being prepared for cardiac arrest emergencies, and we thank OurJay Foundation for championing this message with our wind and solar powered defib cabinet in Houlton.” Located on the former Rugby Radio Station site to the eastern edge of Rugby, the development of Houlton is a joint venture between master developer Urban&Civic and Aviva Investors. With over 1200 families now living on site as well as a village centre, community centre, two schools and a nursery, the Houlton community continues to grow with outline planning permission for 6,200 homes over the next 10-15 years. To learn more about Houlton and Urban&Civic, visit www.urbanandcivic.com. Visit www.ourjay.org.uk to find out about and support the OurJay Foundation. For more information about Turtle’s defib cabinets, bleed control cabinets and the equipment to place inside, please visit www.turtledefibcabinets.co.uk, or follow on LinkedIn, Facebook and X. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Exchange Quay Manchester launches fully fitted new Plug and Play suites

Exchange Quay Manchester launches fully fitted new Plug and Play suites

New Plug and Play suites across 3 floors completed following refurb programme and fit out Manchester’s Exchange Quay flagship office campus has completed the refurbishment programme and fit out of a series of new Plug and Play suites to meet the growing demand for more design-led, ready to occupy office space. Fast becoming a mainstream solution, driven by an expanding flex market and an established alternative to traditional leasing, Exchange Quay is adapting to the trend to deliver the new Fully Fitted suites across 3 floors in Building 8 thanks to continued investment in the campus offer. Each fitted out Plug and Play office suite offers 40 desks on the 1st, 2nd and 5th floors comprising 4,146 sq ft each floor and complements the campus’s flex accommodation provision at Serendipity Labs alongside its traditional offices of up to 20,000 sq ft.  The new Plug and Play suites range from 1,000 sq ft upwards. Building 8 is already home to Capsil Ltd, one of the UK’s leading intensive driving tuition specialists who offer flexible driving courses via its PassMeFast brand.  The company relocated its 80-strong team to Exchange Quay in June this year. The launch of the new Plug & Play suites forms part of the wider programme of works at Exchange Quay, which resulted in the decarbonisation of 130,000 sq ft of office space in Building 8 to upgrade it from EPC D to EPC B. As a result, Exchange Quay can now offer occupiers all options with additional lease terms, flex space and fully furnished accommodation from a two-person office upwards. Les Lang, Director, Till AM said: “In a continually evolving and challenging business landscape, finding the right office space can be game changing whether you’re a start up enterprise looking for ready-to-go accommodation, or a growing small or large organisation moving into your next phase.  “Plug and Play in particular has seen a significant shift, with fully equipped workspace solutions offering businesses of all shapes and sizes the flexibility and convenience they need and want.  We are delighted to be able to now offer our new Plug and Play suites at Exchange Quay, giving occupiers all options from flex space and fully furnished, walk in ready accommodation.” Exchange Quay’s appointed letting agents are Colliers and Canning O’Neill. Building, Design & Construction Magazine | The Choice of Industry Professionals

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BarhaleEnpure to deliver vital P-removal schemes near Barnsley and York

BarhaleEnpure to deliver vital P-removal schemes near Barnsley and York

Yorkshire Water has appointed BarhaleEnpure JV to deliver two key projects as part of its £500M investment in phosphorus removal under the Water Industry National Environment Programme (WINEP). At Ingbirchworth Wastewater Treatment Works (WwTW), near Barnsley in South Yorkshire, BarhaleEnpure will construct a single point ferric dosing kiosk and chemical storage facility while at Pocklington WwTW in North Yorkshire, the joint venture will be introducing ferric dosing alongside wider measures including the replacement of the existing stormwater tank. BarhaleEnpure will also be carrying out M&E upgrades across the Pocklington site and refurbishing six redundant sand filters and associated equipment. Many cleaning chemicals, such as washing up liquid and shampoo, routinely contain small quantities of phosphorous and it can enter the water system wherever these products are used. Phosphorous is also used in fertilisers and can enter water courses after running off agricultural fields. The project aims to reduce total phosphorus (annual average) from 1 mg/1 to 0.25 mg/l to improve overall water quality. Barhale contract manager Nick Smith explained that while re-engineering the existing storm tank at Pocklington had been explored, Barhale and Yorkshire Water teams had concluded that replacement would offer the best P-removal solution. “We originally planned to resize the current storm tank structures, rather than knocking them down and building new, to accelerate the build programme,” he said. “Unfortunately, this wasn’t possible, and therefore we will need to replace the old tank. “The upgrades at Ingbirchworth and Pocklington will introduce modern dosing capabilities, improve the quality of water in our rivers and strengthen network resilience. We look forward to working closely with Yorkshire Water to complete these two important projects.” Work is expected to complete in spring 2025. Building, Design & Construction Magazine | The Choice of Industry Professionals

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TGI Fridays Shutters 35 UK Restaurants Despite Rescue Deal

TGI Fridays Shutters 35 UK Restaurants Despite Rescue Deal

TGI Fridays is set to close 35 of its UK branches following a recent rescue deal, despite efforts to save the struggling restaurant chain. The closures come after Hostmore, the former owner of TGI Fridays UK, fell into administration last month. The rescue deal sees Breal Capital and Calveton UK, owners of the D&D London restaurant group, acquiring TGI Fridays UK. While 51 branches will remain open, administrators Teneo have confirmed that 35 restaurants will be shut down immediately as part of the restructuring plan. However, TGI Fridays UK remains hopeful that negotiations with landlords may save some of the closed locations. Julie McEwan, Chief Executive of TGI Fridays UK, expressed optimism for the brand’s future. “TGI Fridays is a much-loved brand with a rich heritage. Today marks the beginning of a positive future for our business, following what has been a very challenging time for the entire casual dining sector,” she said. McEwan also acknowledged the unfortunate impact on the chain’s employees. “We are devastated for our colleagues who will be leaving, and we thank them for their loyalty and contribution. We are doing everything we can to retain as many of our team as possible and to support those affected.” Hostmore’s collapse followed a sharp decline in its share price, which plummeted by over 90% after the company announced it expected to be “wound up” and de-listed following the completion of the restaurant sale. Hostmore had previously agreed to a £177 million deal to acquire its US-based parent company in April. However, the acquisition fell through when the American group lost control of TGIF Funding, the entity holding the franchise agreement royalties. Despite the difficult period, TGI Fridays UK remains confident in its ability to weather the storm, with plans to revitalise the brand and attract both loyal customers and new guests in the months ahead. Building, Design & Construction Magazine | The Choice of Industry Professionals

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New Chiropractic Clinic building reaches major milestone

New Chiropractic Clinic building reaches major milestone

USW’s new Chiropractic Clinic, being built on Treforest Campus, has reached a major milestone with the completion of its main structure. Kier Construction, the contractors appointed to build the clinic, and USW hosted a ‘topping out ceremony’ to celebrate the progress of the project, as the building reached its highest point. Set to be completed in spring 2025, the clinic will replace the current facility at the William Price Business Park, bringing together all learning, teaching and practical elements on to the same site for the first time since USW’s Master of Chiropractic (MChiro) degree course started in 1997. Designed by a team of architects from Cardiff-based Stride Treglown, the 975 sqm, two-storey building will include 26 treatment rooms, DXA (bone density) and ultrasound scan rooms, a seminar room and support spaces for students and colleagues, among many more facilities. Quantum CLS, a project management and quantity surveying consultancy based in Cardiff, are also working on the project as cost consultants on its commercial matters. Quantum CLS employ several USW graduates who are actively engaged in the build and are providing essential support to the project team. It is being constructed with sustainability at the heart of the design to ensure that the building is as resilient and energy efficient as possible, supporting USW’s goal to becoming carbon neutral by 2040. This includes installing solar panels and developing a Blue / Green roof – a flat roof that stores rainwater and allows it to be dispersed slowly into the drain network, keeping the building cool as well as supporting wildlife. The Clinic building has now been weatherproofed, using a steel framing system and specialist cladding, and its windows have been installed. This will allow Kier to progress with the internal works, including the putting up internal walls, full mechanical and electrical installation and  LED lighting. Mark Milton, USW Chief Operating Officer, said: “USW is very proud of this development. Our Chiropractic Clinic is a very successful educational institute, teaching close to 100 students a year the essential skills and knowledge to be a good, caring practitioner. “These students come from around the world to study with us and yet the 25,000 treatments they offer in a year primarily support the local community. The value offered by this new facility will be immeasurable in providing a modern, integrated, fit-for-purpose study environment. Our construction partners, Kier, have been great in the way that they have worked with us in delivering a good build and safely managing a complex site on an active university campus.” Jason Taylor, regional director at Kier Construction Western & Wales, said: “The completion of the main structure marks a significant milestone for this project and is one we are incredibly proud to have reached. We are thrilled to be continuing our relationship with the University of South Wales, having previously delivered the Sport Park in Pontypridd.” Jaren Cervantes, a second year Civil Engineering student at USW, undertook a two-month placement with Kier over the summer, which involved ensuring work was being done safely, on schedule and according to design drawings. As part of this, he completed progress reports on the work by each subcontractor, tracked deliveries, and ensured safety signage and fencing was in place around the site to help prevent accidents. He said: “I thoroughly enjoyed my time with Kier on site. Everyone, from the project team to subcontractors, were very welcoming, helpful and happy to answer my questions. It was very insightful as I was able to watch the building’s progress and gain a deeper understanding of how the construction process works.” The Clinic is expected to welcome new patients from summer 2025 Building, Design & Construction Magazine | The Choice of Industry Professionals

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Rendall & Rittner appointed to manage landmark Westminster scheme

Rendall & Rittner appointed to manage landmark Westminster scheme

Westminster City Council have appointed award-winning property management agent Rendall & Rittner to manage the first phase of homes being delivered under the ambitious regeneration of the Ebury Bridge estate in Knightsbridge and Belgravia. Comprising 226 homes in the first phase, alongside a business hub, concierge service, and reimagined public realm, Rendall & Rittner was recently appointed to deliver full management and mobilisation services. Developed in collaboration with the existing Ebury Bridge community, the renewal is set to deliver more high-quality affordable housing with a focus on sustainability. In addition to replacement homes for existing tenants, the first phase incorporates market sale, intermediate ownership, and social rent apartments. The first handovers at the development are expected to begin from October 2024. Daniel Steer, Director at Rendall & Rittner comments: “The Ebury Bridge redevelopment has placed resident needs at its heart. We are therefore proud to be able to extend this community focus with our customer-centric approach to property management. We are also delighted to be strengthening our relationship with Westminster City Council and we look forward to welcoming the first residents to Ebury Bridge.” With a portfolio of over 80,000 homes, Rendall & Rittner has cemented itself as one of the nation’s leading property management agents. With over 30 years of experience operating within the industry, Rendall & Rittner has a reputation for driving change and innovation within the sector to enhance the experience of clients, customers, and residents. Find out more about Rendall & Rittner’s London service offering at: https://www.rendallandrittner.co.uk/about-us/our-regions/london/ Building, Design & Construction Magazine | The Choice of Industry Professionals

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GMI Construction Group in £1m Innovate UK project to revolutionise Building Safety Act compliance using AI and spatial computing

GMI Construction Group in £1m Innovate UK project to revolutionise Building Safety Act compliance using AI and spatial computing

GMI Construction Group is partnering with spatial computing and AI provider SimplyVideo, Leeds Beckett University, and software developer Anglestack as part of a £1m Innovate UK initiative to create an interactive digital platform to access key elements of the complex legislation contained within the new Building Safety Act. The incorporation of artificial intelligence into the platform ensures relevant safety regulations can be matched directly to specific types and stages of construction projects – ensuring consistent and efficient compliance by all parties involved while at the same time reducing the risk of oversight. Central to the initiative is the support of the “Golden Thread” concept, which provides a clear and complete record-keeping system which meticulously tracks all aspects of a building’s design, construction, and maintenance throughout its entire lifecycle, ensuring transparency and accountability. GMI Construction Group is investing in this project, highlighting its commitment to innovation and safety in the construction sector. Once fully assessed, this solution has the potential to be rolled out industry-wide, revolutionising the way safety compliance is accessed and managed. The project is also funded by Innovate UK, part of UK Research and Innovation (UKRI), the UK’s innovation agency, which drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. The platform will be accessible through a web app,  mobile app, and smart glasses for site workers, as well as virtual reality (VR) Meta headsets via Microsoft’s immersive Mesh environment, enabling users to immerse themselves within a digital representation of the construction project. This VR Microsoft Mesh experience will include access to AI providing regulation information, Golden Thread information, and critical safety information, further enhancing understanding and engagement. Covering a wide spectrum of development and construction, including residential, office spaces, major manufacturing and logistics hubs, care homes, and hospitals, the  resource could have a profound impact across the construction industry. The Building Safety Act 2022 introduced significant changes to the building control process, focusing on higher-risk structures and enhancing the competence of those overseeing, managing, and executing construction projects. Thomas West, Group Services Director at GMI Construction Group, said: “This collaboration is a game-changer for the business and builds upon the wider digital transformation that has taken place in GMI over recent years. By integrating AI with cutting-edge software solutions, we can provide our employees with immediate access to crucial regulatory information. This will not only streamline the compliance processes but also bring clarity, enhancing understanding and engagement for all those involved.” Alex Deighton, CEO of Leeds-based SimplyVideo, which is involved in the development of  AI, smart glasses and VR using Microsoft Mesh, said: “We are combining both AI and spatial computing cutting edge technologies in a truly exciting way, to aid the construction industry in being compliant with the new BSA Regulation. Using AI to search both BSA regulation and Golden Thread information will save hours for construction professionals. Being able to access the AI and information in Smart Glasses and VR  will be a gamechanger.”  Dr Jamiu A Dauda, a Chartered Building Engineer and Senior Lecturer at Leeds Beckett University, said “The proposed i-GBSM platform will be groundbreaking, representing a pivotal advancement in supporting building safety compliance. By harnessing state-of-the-art technology, we’re empowering stakeholders to navigate complex regulations more effectively, facilitating the comprehensive realisation of the Golden Thread’s advantages across various infrastructure and building.” Omolola Arawomo, Director of Anglestack, said: “At Anglestack, our focus has always been on leveraging advanced software solutions to address the most pressing challenges in the construction industry and beyond. This project represents a significant leap towards ensuring that compliance with the Building Safety Act is not just a regulatory obligation but a streamlined, and intuitive process. By integrating this software with AI-driven insights, we are helping to create a platform that will transform how safety information is accessed, understood, and applied across the entire lifecycle of a building project.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Triton Construction Powers Ahead with East Yorkshire Industrial Development

Triton Construction Powers Ahead with East Yorkshire Industrial Development

Triton Construction has announced significant progress on its £10 million contract to deliver 85,000 sq ft of industrial space at the Evolve development in Melton West, East Yorkshire, for Wykeland Group. The project, part of the Melton West business park, includes the design and construction of seven industrial units, alongside essential drainage and external works. The site will feature two larger units of 37,000 sq ft and 22,900 sq ft, plus a terrace of five smaller units, each 5,000 sq ft. The steel framework for one of the three main units is nearly complete, with cladding set to begin shortly. Incorporating sustainable features, the Evolve development is equipped with rooftop solar panels, green living walls, and fast electric vehicle charging stations, ensuring the project aligns with modern eco-friendly standards. Paul Clarkson, Managing Director of Triton Construction, shared his enthusiasm for the project: “We’re excited to be working with Wykeland on a development that will create new business opportunities and contribute to the economic growth of the East Riding. Our experience in delivering high-quality commercial developments makes us proud to be a part of the ongoing evolution of Melton West business park.” Looking ahead to 2024, when Triton celebrates its 20th anniversary, Clarkson noted that the Evolve project is a testament to the company’s expertise. “This kind of project demonstrates our capabilities in commercial development, and we’re thrilled to continue our work in the region.” Triton Construction has enjoyed a prosperous 2024, completing notable projects such as SPAR stores in Nafferton and Middlesbrough, as well as St George’s Retail Park in Middleton, Leeds. The firm has also commenced construction on several key developments, including the Cadet Training Centre in Beckingham, Brighouse Market, Barnsley and Preston Youth Zone, and a new teaching block in Huddersfield. Building, Design & Construction Magazine | The Choice of Industry Professionals

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AtkinsRéalis Construction Intelligence Report points to rise in output and investment in 2025

AtkinsRéalis Construction Intelligence Report points to rise in output and investment in 2025

AtkinsRéalis, a world-class engineering services and nuclear company with offices around the world, has released its latest Construction Intelligence Report for Q4 2024, which points towards a more stable and productive period for the sector going into 2025. However, it cautions that output may still be limited due to inflationary pressures and delays in planning impacting schemes. Analysis of the sector by the professional services experts suggests there is growing optimism that output and investment will continue to rise in 2025, due to a more construction-friendly government with plans for reform of the planning system and a longer-term strategy for infrastructure driving activity. As a result, AtkinsRéalis has issued its forecast for Tender Price Inflation*, the measure used to demonstrate the trend of contractors’ pricing levels in accepted tenders, which includes allowances for output cost rises caused by materials, plant and labour. Following a lull in costs over the past year, AtkinsRéalis is forecasting a TPI of 3% nationally for the next 12 months (up from 2.25% for 2024), as increased activity will drive up tender prices. Max Wilkes, associate director for AtkinsRéalis’ project and programme services division, said: “The upturn in activity will push tender prices up as consultants and contractors look to secure construction professionals and materials. Suppliers are looking to ramp up production which has been reined back in the last 12 months as we are now witnessing increases in costs after a 12 to 15 month lull. “It is expected that the recovery cycle will be led by private investment which means that viability issues remain key for investment and, as a result, developers are looking for the rent and housing demand to make return worthwhile. “So, our forecast remains positive, it includes for a steady increase in output, along the lines forecast by the industry and accommodating a degree of planning reforms as well as a slight increase in the labour force. “As such, our advice continues to be to avoid additional costs and delays, be sure to provide early and detailed information, with early and good communication through the supply chain to achieve the best results.”     The report recognises many of the issues affecting the construction sector currently, particularly in the planning system, where the procurement of more resources will take time. In addition other supply chain constraints through labour shortages and a reduction in suitable contractors will also act as a block on construction output. However, with the Government’s impetus on growth with infrastructure and housing at the heart of its agenda, the report points to the prospect of new opportunities for the sector to counter the current downward pressures. Wilkes adds: “Looking at the bigger picture most analysts agree that wise government investment in improved public services, green industries, energy and infrastructure to increase productivity is needed to sustain growth.” For a copy of the full report, go to: Construction Intelligence Report Q4 2024 – AtkinsRéalis (atkinsrealis.com) Building, Design & Construction Magazine | The Choice of Industry Professionals

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Ashtrom UK acquires Central Square, Leeds

Ashtrom UK acquires Central Square, Leeds

Acquisition represents largest office investment deal in the city for half a decade Ashtrom Properties UK has acquired Central Square in the heart of Leeds’ financial district for £78M.  The landmark office building transaction represents the largest office investment deal in the city for more than 5 years. Guy Lewinsohn, CEO of Ashtrom Properties UK, said: “We remain committed to strategically investing in the UK’s regional markets, confident they offer substantial opportunities for sustainable growth and long-term value creation.” CBRE and Knight Frank acted for Ashtrom Properties UK on the purchase. Savills acted on the sale. Central Square comprises 217,249 sq ft of Grade A office accommodation across 11 upper floors above 13,126 sq ft of retail, restaurant and ground floor leisure units.  It has one of the largest column free floor plates in the city of circa 25,000 sq ft and houses a Winter Garden and Sky Garden with break out and entertainment space for tenants along with 128 basement parking spaces.  It has exceptional sustainability credentials including BREEAM Outstanding and EPC A. Located off Wellington Street and Whitehall Road, Central Square is close to Leeds Station and Trinity Shopping Centre in Leeds City Centre.   Current tenants include Marks & Spencer PLC, PWC, RSM UK Management, Freeths, GXO Logistics, Sky, Sanderson Weatherall, BDO Services. Guy Lewinsohn, CEO of Ashtrom Properties UK further said: “The successful acquisition of this prominent building in the heart of Leeds marks a significant step in our ongoing commitment to invest in the future of the UK’s regional city centres, which we believe are poised for strong growth. “I would like to extend sincere appreciation to the vendor for their professionalism and collaboration throughout this process, which ensured a smooth and mutually beneficial transaction. A special thanks goes to our in-house team, whose dedication and expertise were instrumental in driving this acquisition forward. Their commitment, along with the support of our external partners, guided us to a successful outcome.” Will Kennon, Executive Director, CBRE said: “Central Square is one of the best regional office assets located outside of London.  Leeds is experiencing significant growth across all metrics, and the office market is facing an acute shortage of prime office space which we believe will lead to continued strong rental growth over the next cycle.  With the market facing continued development viability challenges, we consider this acquisition will deliver strong risk adjusted returns over both short and long term.  We are delighted to have helped Ashtrom Properties UK secure this exceptional asset, to add to their strong UK office portfolio in line with its current strategy to invest in core regional cities” Henrie Westlake, Head of the North Knight Frank LLP, commented; “The acquisition of Central Square by Ashtrom Properties UK aligns with their strategic decision to selectively invest in the UK Office market. As a long term holder of assets, the strategy is driven primarily by the strong underlying market fundamentals that will drive rental growth for prime assets. Notwithstanding this, there is no question that a normalised market will see significant yield compression that will further validate this approach. This will almost certainly be viewed as the bellwether deal of this cycle.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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